Broad to ask about 'windfall VAT revenue' from rising fuel prices
The treasury minister ‘has to do something for the people of the Isle of Man’ to ease cost of living pressures.
That’s the view of Ayre and Michael MHK Stephen Broad who is preparing to quiz Michael Crowe in the House of Keys today (10 November).
He has tabled four questions around support for businesses and households in light of rising costs.
He wants to know:
- What plans he has to use the windfall VAT revenue generated as a result of the increase in road fuel prices to support businesses with mitigating the effect of those increases
- What assessment he has made of the potential impact of fuel surcharges on the competitiveness of Island road haulage and agricultural sector business when compared with UK counterparts
- What options, other than the use of the Reserve Fund, Treasury has considered to address the structural deficit of £92 million in public sector spending projected for this financial year
- What steps he has taken to mitigate the impact on households of rising heating fuel costs
Mr Broad has been speaking to John Moss:
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